Categories: Business

Elon Musk in contradiction with Trump’s prices policy wants a “zero tariff situation” between us and the EU



Cnn

Elon Musk, the richest man in the world and the Face of the Trump Administration of Government Efficiency, said on Saturday that it hoped for a “zero-tail situation” between Europe and the United States.

“In the end, I hope that it is agreed that Europe and the United States should ideally evolve, in my opinion, to a zero-tail situation, effectively creating a free trade area between Europe and North America,” Musk said in a video interview with the video connection with a league congress in Florence in Italy.

Musk’s comments are intervened after President Donald Trump announced 20% tariffs on European Union on Wednesday.

In an exchange on Saturday on his social media platform, X, Musk criticized Peter Navarro, the main advisor to the Trump administration for trade and manufacturing, who defended the prices.

“A doctorate in Harvard Econ is a bad thing, not a good thing,” Musk published on the academic history of Navarro. Tesla’s CEO also added Navarro: “He did not build Sh * t.”

Musk, meanwhile, has seen Tesla Sales plunge in recent months in the middle of her controversial role in cost reduction with Doge. Sales fell 49% in Europe only in the first two months of the quarter, according to the European Automobile Manufacturers Association.

In Italy, Tesla’s first quarter sales slipped 7% compared to the same time last year, according to the country’s Ministry of Transport.

The Italian Minister of Economy, Giancarlo Giorgetti, said on Saturday that Italy, which had posted a trade surplus with the United States of around 39 billion euros (42.74 billion dollars) in 2024, aims for a “de-escalation” with the United States on prices.

In 2024, the Italian economy increased by 0.5% compared to 2023.

remon Buul

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